An employee told police someone had cut a hole in a locked chain link fence to gain access to the company's work vehicles. All 12 catalytic converters had been stolen from white Chevrolet box trucks, police say. The thefts took place sometime between 1 a. Thieves often steal catalytic converters —part of the car's exhaust system— because these parts often contain platinum, rhodium, or other precious metals that can turn a profit at scrapyards.
Catalytic converter thieves are known to target vehicles late at night or early in the morning under the cover of darkness. If a catalytic converter is stolen, your car will make a loud roar when it runs, and you'll notice part of your exhaust system is missing when you look under your car. Comprehensive coverage may pay to replace the stolen converter and repair any damage caused by its removal. However, despite its name, comprehensive insurance does not cover everything.
This makes the part identifiable to law enforcement. Diesel catalytic converters come from diesel engines. A lot of times the diesel engine cats are not worth too much money due to the lack of precious metals inside like platinum, palladium and rhodium.
Sign Up X. Make international business payments, anywhere, anytime. Send money to family and friends. To Hedge or not to Hedge? Read More. The currency calculator of Markets Insider is the ideal tool for you. With the currency calculator, you can quickly and easily convert amounts between any currencies.
In total, there are about different currencies available on the currency calculator. The functions that a currency took on means of payment, value storage, unit of value were essential to the development of an efficient economy with division of labor. In the beginning, different items were used as currency, including metals, pearls, shells or agricultural products.
Minting of coins from precious metals was developed about years ago in ancient Greece; paper money has existed for about years. Today, almost every country has its own currency, with the exception of countries with a common currency such as the Eurozone or countries that have adopted a foreign currency such as the euro in Kosovo.
Thus, there are worldwide more than official currencies that can be traded on the currency market at constantly changing exchange rates.
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